Basketball Shoes

Many Wall Street analysts believe Nike Inc (NYSE: NKE)'s earnings report signaled that the company is undergoing a rough period in the North American market. The line of thinking continues: It will be short-term in nature, however, as the level of innovation remains strong with a compelling...

Shares of Nike Inc (NYSE: NKE) were trading lower by more than 4 percent Wednesday morning in reaction to a mixed earnings report, but some analysts remain as bullish as they were heading into the print. Morgan Stanley's Jay Sole maintains an Overweight rating on Nike's stock with a price target...

A difficult and promotional environment within the apparel, footwear and textiles space prompted analysts at Deutsche Bank to downgrade Under Armour Inc (NYSE: UAA). The firm's Paul Trussell downgrades Under Armour's stock rating from Hold to Sell with an unchanged $17 price target....

Nike Inc (NYSE: NKE) reported an encouraging fiscal fourth-quarter earnings report after Thursday's market close, but as is the case with the footwear and apparel company, management only offers guidance during its post earnings conference call. But once management issued its full year guidance for...

Under Armour Inc (NYSE: UAA)'s stock is in the midst of a brief rally partly due to expectations of a surge in demand for basketball shoes, especially after the company's most notable basketball superstar Steph Curry won his second NBA champion title.
But some among the Street aren't buying the...

The Golden State Warriors completed a nearly perfect sweep of the NBA playoffs by defeating the defending champions Cleveland Cavaliers in Game 5 of the NBA Finals.
The Warriors' perfect 12–0 run heading into the Finals could in part be attributed to Under Armour Inc (NYSE: UAA)'s...

In 2015, Nike Inc (NYSE: NKE) had nearly a 96 percent share of the basketball shoe market. When it comes to fashion, when close to complete market share is on the table, consumers will look to other brands to differentiate themselves for the pack. The problem was, for the longest time, there weren'...

Investors who are assuming that basketball shoes are the fastest growing footwear category need to take a closer look at the sector, at least according to a report by the Wall Street Journal.
According to the Wall Street Journal, reissued or "heritage" shoes outpaced all other shoe categories last...

Under Armour Inc (NYSE: UA)'s stock continues to trade within striking distance of its 52-week low of $35.35 but Camilo Lyon of Canaccord Genuity thinks now is a good time to buy the stock.
According to Lyon, social media and entertainers such as Stephen Colbert are blasting Under Armour...

Steph Curry led his Golden State Warriors to a 104-89 victory of LeBron James' Cleveland Cavaliers on Monday to take Game 1 of the NBA Finals.
Meanwhile, investors and traders are likely looking at the finals from a business perspective as many basketball fans will likely purchase gear and...

In a new report, analyst Kate McShane breaks down the results of Citi Research’s annual U.S. basketball footwear survey. McShane identifies the top trends in basketball footwear and which stocks are Citi’s top footwear picks.
According to the report, Michael Jordan and Nike Inc (...

Shares of Under Armour Inc (NYSE: UA) were trading higher by 11 percent at $76.25 early Thursday morning after the company reported its fourth quarter results.
Under Armour earned $0.48 per share in the fourth quarter on revenue of $1.17 billion. Wall Street analysts were expecting the company...

Paul Trussell of Deutsche Bank commented in a note that overall athletic footwear sales appear to be "solid."
Trussell noted the casual athletic category will continue to show accelerating trends with running and basketball shoes still positively contributing.
The analyst maintained a Buy rating...

Shares of Nike Inc (NYSE: NKE) are higher by more than 30 percent year-to-date and nearly 50 percent higher from a year ago.
The company issued guidance on Wednesday, calling for $50 billion in sales by the end of fiscal 2020.
Nike's President and CEO Mark Parker said the company is "accelerating...

In a report published Wednesday, Jefferies analyst Randal Konik reiterated a Hold rating and $73 price target on shares of Under Armour Inc (NYSE: UA) following investor meetings with the company's management team.
Here are Konik's takeaways from the meeting:
Footwear: Under Armour...